MOSCOW, Nov. 23, 2010 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces establishing its official representative office in Kiev, Ukraine.
The representative office of the company will contribute to the development of Mechel's business in Ukraine, including supports of its export activities and contacts with state authorities, conducting market research, arranging meetings with business community and searching new business partners. The new office will also participate in commercial, industrial, scientific and technological cooperation and provide informational support of the Group's activities in Ukraine.
Mechel OAO representative office in Ukraine is located at the address: 17 Lineynaya str., Kiev 03038.
Mechel places special emphasis on the cooperation with Ukrainian partners and considers Ukrainian market as one of the priorities in the development of the Group's activities.
Mechel's own international representative offices network is one of the company's important competitive advantages. Mechel's offices in various countries of the world enable it to monitor regional market conditions carefully and to respond to changes in demand, promptly supplying customers with the necessary products.
Today the company's representative offices successfully operate in Japan, China, South Korea, Romania and Bulgaria.
Mechel is one of the leading Russian companies. Its business includes four segments: mining, steel, ferroalloy and power. Mechel unites producers of coal, iron ore concentrate, nickel, steel, ferrochrome, ferrosilicon, rolled products, hardware, heat and electric power. Mechel products are marketed domestically and internationally.
The Mechel OAO logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8181
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.